David Shaw D.E. Shaw & Co
David Shaw founded D. E. Shaw & Co., a pioneering quantitative investment firm that helped define systematic trading at scale. With a background in computer science, Shaw built teams that applied advanced computation to markets across equities, derivatives, and other assets. The firm remains one of the most important quant platforms in global finance, even as Shaw’s own public role has shifted over time.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Advanced Micro Devices
AMD
|
+$1.52B |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$1.43B |
| 3 |
iShares Core S&P 500 ETF
IVV
|
+$798M |
| 4 |
Amazon
AMZN
|
+$646M |
| 5 |
Texas Instruments
TXN
|
+$619M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Micron Technology
MU
|
+$1.31B |
| 2 |
Broadcom
AVGO
|
+$1.01B |
| 3 |
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
|
+$863M |
| 4 |
Western Digital
WDC
|
+$595M |
| 5 |
Meta Platforms (Facebook)
META
|
+$591M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 18.6% |
| 2 | Consumer Discretionary | 9.12% |
| 3 | Healthcare | 7.62% |
| 4 | Industrials | 7.14% |
| 5 | Financials | 6.8% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
951
Urban Outfitters
URBN
$6.49B
| $28.7M | 0.02% |
381,384
-698,546
| -65% | -$49.4M |
|
952
PUT
Marathon Digital Holdings
MARA
$4.57B
| $28.7M | 0.02% |
3,193,700
+2,162,900
| +210% | +$31.9M |
|
953
Interface
TILE
$2.25B
| $28.4M | 0.02% |
1,018,942
+170,083
| +20% | +$4.64M |
|
954
PUT
Constellation Energy
CEG
$98.6B
| $28.3M | 0.02% |
80,100
-73,400
| -48% | -$26.7M |
|
955
Chevron
CVX
$392B
| $28.3M | 0.02% |
185,402
+77,783
| +72% | +$11.8M |
|
956
PUT
Applied Materials
AMAT
$381B
| $28.1M | 0.02% |
109,500
-168,200
| -61% | -$40.3M |
|
957
CleanSpark
CLSK
$3.27B
| $28M | 0.02% |
2,771,270
-787,958
| -22% | -$11.8M |
|
958
CALL
Rigetti Computing
RGTI
$5.65B
| $28M | 0.02% |
1,265,000
+321,200
| +34% | +$10.5M |
|
959
PUT
On Holding
ONON
$9.64B
| $28M | 0.02% |
602,600
-283,500
| -32% | -$12.2M |
|
960
CALL
DraftKings
DKNG
$12.8B
| $28M | 0.02% |
811,600
+531,100
| +189% | +$17.5M |
|
961
LPL Financial
LPLA
$28.5B
| $27.9M | 0.02% |
78,252
+1,647
| +2% | +$583K |
|
962
CALL
KLA
KLAC
$240B
| $27.9M | 0.02% |
+230,000
| New | +$27M |
|
963
PUT
Constellation Brands
STZ
$23.1B
| $27.9M | 0.02% |
202,400
+60,500
| +43% | +$8.3M |
|
964
CALL
Procter & Gamble
PG
$338B
| $27.9M | 0.02% |
194,700
-810,500
| -81% | -$120M |
|
965
PUT
Astera Labs
ALAB
$49B
| $27.9M | 0.02% |
167,700
+27,600
| +20% | +$4.62M |
|
966
dLocal
DLO
$4.57B
| $27.8M | 0.02% |
1,969,248
+249,146
| +14% | +$3.51M |
|
967
Celestica
CLS
$38.7B
| $27.8M | 0.02% |
93,865
-296,600
| -76% | -$89.4M |
|
968
PUT
Rubrik
RBRK
$19.1B
| $27.7M | 0.02% |
362,800
+57,000
| +19% | +$4.37M |
|
969
Myriad Genetics
MYGN
$305M
| $27.7M | 0.02% |
4,505,193
-53,943
| -1% | -$391K |
|
970
Copart
CPRT
$30.9B
| $27.7M | 0.02% |
706,858
+671,492
| +1,899% | +$27.8M |
|
971
Sun Life Financial
SLF
$44.5B
| $27.6M | 0.02% |
442,458
+256,618
| +138% | +$15.5M |
|
972
Thermo Fisher Scientific
TMO
$232B
| $27.5M | 0.02% |
47,543
-16,913
| -26% | -$9.56M |
|
973
Assurant
AIZ
$14.1B
| $27.5M | 0.02% |
114,296
-23,207
| -17% | -$5.18M |
|
974
UiPath
PATH
$8.63B
| $27.5M | 0.02% |
1,679,181
-2,930,883
| -64% | -$45.6M |
|
975
Acadia Pharmaceuticals
ACAD
$5.27B
| $27.4M | 0.02% |
1,026,785
-534,376
| -34% | -$12.8M |
|
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David Shaw's Q4 2025 Portfolio in Review
As of Q4 2025, David Shaw held 5,141 positions worth $182B, up 3% from $177B the previous quarter. Its ten largest holdings account for 12% of the portfolio.
David Shaw's Q4 2025 filing shows 639 new, 1,734 increased, 1,574 reduced and 583 closed positions. Its largest new stake was iShares Core S&P 500 ETF: 1,175,000 shares worth $805M. The largest sale was Micron Technology, an estimated $1.31B.
By sector, the portfolio is most concentrated in Technology at 19% of assets, down from 19% a quarter earlier, followed by Consumer Discretionary and Healthcare.
- David Shaw's largest Q4 2025 buy was iShares Core S&P 500 ETF: 1,175,000 shares worth $805M.
- David Shaw added most to Advanced Micro Devices in Q4 2025, an estimated $1.52B increase.
- David Shaw's biggest Q4 2025 reduction was Micron Technology, cutting an estimated $1.31B.
- David Shaw fully exited Vanguard Short-Term Corporate Bond ETF in Q4 2025, selling an estimated $499M.
- David Shaw's ten largest holdings make up 12% of its $182B portfolio in Q4 2025.
- David Shaw opened 639 new positions and closed 583 in Q4 2025.
- David Shaw's portfolio value rose 3% quarter-over-quarter to $182B.
Based on D.E. Shaw & Co's 13F filing for Q4 2025, filed 17 Feb 2026.